[INDIAN ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Indian economic news to share with you which is as undermentioned.
KOLKATA: The Insolvency and bankruptcy Board of India (IBBI) Saturday said both operational and financial creditors have benefitted alike fr om resolutions under the IBC.
IBBI chairman M S Sahoo said that it would be undair to say that resolutions under the Insolvency and Bankruptcy Code (IBC) were tilted towards operational creditors, as is widely perceived.
"Our data shows that after resolutions, recovery of financial creditors on an average have got 48 per cent of their claims. While, the operational creditors fr om the same resolution have got back 48.3 per cent, though marginally, they are better treated," Sahoo said here on the sidelines of Calcutta Chamber of Commerce interaction on IBC.
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